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New Zealand commercial property! This Auckland industrial asset was recently settled by the Rethink Investing NZ team.
Newly refurbished warehouse on 971sqm of freehold land and strategically located just 13 kilometres from Auckland’s CBD with excellent accessibility to motorways and public transport. The property boasts an above market yield for tightly held Auckland industrial assets and has a new 5-year lease.
Rethink Investing’s expert team is on the ground in New Zealand, working closely with a strong network of industry leaders to secure off-market assets like this. In the current market, taking a localised approach is essential for securing high-quality deals and delivering exceptional opportunities for our clients.
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Purchasing Costs
Key Highlights
* Strong existing demand by both local and national tenants for this prime location
* Excellent development potential, with the zoning supportive of a great variety of uses, further supported by being part of a major growth corridor of Hobart.
* Tenant pays all outgoings. This includes recoverability of property management from the anchor tenant, representing immediate upside
* Large land holding under pinning long term capital growth
* Future capital growth upside potential by adjusting rent to market
* Great discount secured off market, providing an excellent return relative to an asset with such strong upside potential
Get in touch
If you’re interested in joining the lucrative world of commercial property, contact us now.
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